The strength of the US dollar against major currencies in the region and a surge in treasury yields to its highest level in almost sixteen years has caused Asian stock markets to trade sharply lower, following the mixed cues from Wall Street overnight. Traders also await key monthly US employment data later in the week for cues on the outlook for interest rates. Asian markets closed mostly lower on Monday.
Adding to the losses in the previous sessions, the Australian stock market is sharply lower on Tuesday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 breached the 7,000 mark to fall to a six-month low, with weakness across global markets amid a strong US dollar and a surge in treasury yields.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.